Question
3.The state incurred construction costs of $120,000,000 on the school buildings.These costs included the costs incurred on buildings completed during the year, $100,000,000.The remaining costs,
3.The state incurred construction costs of $120,000,000 on the school buildings.These costs included the costs incurred on buildings completed during the year, $100,000,000.The remaining costs, $20,000,000 were incurred on projects still in progress at year end.
Use the following abbreviations for the funds and nonfund accounts.
GF - General Fund
CPF - Capital Projects Fund
DSF - Debt Service Fund
GCA & GLTL - General Capital Asset & General Long Term Liability
Prepare the journal entry:
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Auditing And Systems Exam Questions And Explanations
Authors: Irvin N. Gleim
10th Edition
158194246X, 978-1581942460
